Stephens Investment Management Group LLC Has $45.70 Million Position in Antero Resources Corporation $AR

Key Points

• Stephens Investment Management Group LLC has reduced its stake in Antero Resources Corporation by 5.0% during the 2nd quarter, holding approximately $45.70 million worth of shares.
• Most analysts maintain a positive outlook on Antero Resources, with a consensus rating of “Moderate Buy” and an average price target of $44.13.
• Antero Resources' recent earnings report showed a revenue increase of 32.6% year-over-year, but the company missed EPS estimates by a significant margin.

Stephens Investment Management Group LLC cut its position in Antero Resources Corporation (NYSE:AR - Free Report) by 5.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,134,475 shares of the oil and natural gas company's stock after selling 60,237 shares during the quarter. Stephens Investment Management Group LLC owned 0.37% of Antero Resources worth $45,697,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. World Investment Advisors raised its position in shares of Antero Resources by 5.0% in the 1st quarter. World Investment Advisors now owns 7,105 shares of the oil and natural gas company's stock valued at $287,000 after buying an additional 341 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Antero Resources by 10.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company's stock valued at $164,000 after buying an additional 371 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Antero Resources by 64.7% in the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock valued at $42,000 after buying an additional 411 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Antero Resources by 7.1% in the 1st quarter. Ballentine Partners LLC now owns 6,282 shares of the oil and natural gas company's stock valued at $254,000 after buying an additional 419 shares in the last quarter. Finally, Compound Planning Inc. raised its position in shares of Antero Resources by 5.0% in the 1st quarter. Compound Planning Inc. now owns 9,722 shares of the oil and natural gas company's stock valued at $393,000 after buying an additional 461 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Antero Resources from $49.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, October 2nd. Raymond James Financial boosted their target price on shares of Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. Morgan Stanley lowered their price objective on shares of Antero Resources from $47.00 to $44.00 and set an "overweight" rating for the company in a research report on Tuesday, October 14th. Jefferies Financial Group dropped their price objective on shares of Antero Resources from $50.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, October 3rd. Finally, Wells Fargo & Company raised shares of Antero Resources to a "hold" rating in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Antero Resources presently has a consensus rating of "Moderate Buy" and an average price target of $44.13.

Antero Resources Price Performance

Shares of NYSE:AR opened at $32.51 on Wednesday. The firm has a market cap of $10.04 billion, a PE ratio of 20.70 and a beta of 0.56. The firm's fifty day moving average is $32.35 and its 200-day moving average is $35.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. Antero Resources Corporation has a 52 week low of $25.36 and a 52 week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.Antero Resources's revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) EPS. Sell-side analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current year.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.

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